The Australian Securities and Investments Commission (ASIC) has launched civil proceedings against Bit Trade Pty Ltd, accusing the company of not adhering to its design and distribution obligations (DDO) for its margin trading product. This violation has allegedly resulted in substantial financial losses for customers. The DDO framework was implemented to protect consumers and requires
The cryptocurrency market has recently seen a surge in activity surrounding Immutable X (IMX) tokens, with notable whale transactions capturing the attention of investors. These transactions have revealed significant movements of IMX tokens, indicating the accumulation of tokens worth over $18 million by a single entity. This accumulation is particularly remarkable considering the historical trading
The world of cryptocurrency is known for its volatility and unpredictability, with prices often fluctuating at the drop of a hat. However, one popular cryptocurrency analyst using the X handle EGRAG CRYPTO has sparked excitement among XRP enthusiasts with a bold prediction – a chance for Ripple’s native token to skyrocket to $1.40. But what
Regulators in Poland have initiated a case against OpenAI, an announcement revealed on Sept. 20. The Personal Data Protection Office in Poland stated that it is examining a complaint made by an individual regarding OpenAI’s popular ChatGPT app. The complainant alleged that OpenAI mishandled data, lacked transparency, and provided erroneous responses. According to the complaint,
Pancakeswap, a decentralized exchange (DEX) known for its multichain functionality, recently announced the addition of Transak as a provider in its “buy crypto” tab. This addition offers Pancakeswap users yet another option when shopping for cryptocurrencies. Prior to this, Mercuryo and Moonpay served as the providers for this feature, with Transak becoming the third provider
Marieke Flament, the CEO of Near Foundation, has recently stepped down from her position. The foundation is known for its creation of the Near Protocol, a layer-1 protocol seeking to advance the capabilities of blockchain technology. Flament’s departure has led to the appointment of Chris Donovan, the former general counsel of Near Foundation, as the
The recent price action of Bitcoin has shown signs of weakness as it failed to break through a critical resistance level. Today’s trading session has been accompanied by selling pressure, indicating a potential re-test of crucial support levels. However, this could also trigger a bounce for the cryptocurrency, according to fresh data. This article examines
In a recent development, the Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Bit Trade Pty Ltd, the provider for Kraken Crypto Exchange. ASIC alleges that Bit Trade’s margin trading product has caused losses of approximately $12.95 million to Australian customers due to non-compliance with local laws. ASIC’s case revolves around Bit
Toncoin (TON) recently experienced a localised retracement after a significant +44% bounce off its 200-day moving average (DMA) support. However, with the recent drop in price, many are wondering if it is too late to buy Toncoin. The surge in price was fueled by the integration of TON’s wallet Ton Space into the leading messaging
Elixir Games, a pioneering company in the blockchain gaming industry, has recently unveiled an impressive lineup of exclusive titles that will be available only on its Elixir Games Launcher. With a vision to provide web3 games to players with the same accessibility as traditional gaming platforms, Elixir Games aims to revolutionize the gaming landscape. Among
